HOUSE PRICES rose in Spain in 2015 according to the Spanish Government´s Ministry of Public Works. This survey shows that the average price per square metre rose with a year on year increase of 1.8 per cent.
Without considering inflation, this is the fifth consecutive year that has seen growth in Spain. Some 14 different regions in Spain saw year on year growth with the biggest increases seen in the Balearic Islands, Madrid, La Rioja, Catalonia, the Canary Islands, Castilla y Leon and Nevarra.
Other Spanish regions have seen declines. Places such as Cantabria, Ceuta, Melilla, the Basque Country and Murcia.
In large towns where the population is over 25,000, the highest average prices for housing are located in San Sebastian, with an average price per square metre of €3,133.3; Getxo, an area in Bilbao, came in second, followed by Barcelona, Ibiza, Sant Cugat del Valles and Madrid.
In a stark contrast the larger conurbations that had the lowest price per square metre was Elda (€550.9 per m2), Jumilla, Villarrobledo, Hellin, Crevillent, Ontinyentand Tomelloso.